Quick Flix – Nicki Minaj Barely Avoids Christmas Nip Slip… [PHOTOS]

Nicki Minaj opted for a subdued black bob wig as she made her entrance to Webster Hall to host her Christmas Extravaganza last night (December 25, 2012).

But while the Harajuku Barbie may have briefly traded her color wigs for a toned down look, her outrageous outfit made up for it.

Rocking black leggings with sheer cutouts lining the side and a top with red & black embellished shoulders, Minaj just barely avoided another one of her infamous nip slips…

[FLASHBACK: Nicki Minaj’s ‘GMA’ Wardrobe Malfunction… (PHOTOS + VIDEO)]

More photos below…

What do you think of Nicki’s ‘toned down’ look?

Hot or Not?